As Federal Reserve Readies Interest Rate Cut, Risks to Job Market Still Loom
The Federal Reserve is poised to lower interest rates this week. Recent jobs data have been a reminder that a soft landing is not yet assured.
USA
Boeing Workers Won’t Easily End Their Strike. Here’s Why.
The vehemence of workers over wages and other issues caught the company and union leaders off guard.
Creative life after death − or yes, you can control spinoffs from beyond the grave
Michael Crichton, the creator of “ER” and author of “Jurassic Park,” died in 2008. So why is his estate suing Warner Bros. now?
It turns out that when Crichton agreed to develop the “ER” series, he kept the right to approve – or not approve – of any sequels. That right didn’t die with him.
Trump’s tax cuts led to a $20B reduction in charitable giving within a year
President Donald Trump, Vice President Mike Pence and Republican lawmakers celebrate the passage of the Tax Cuts and Jobs Act in December 2017. Chip Somodevilla/Getty Images
Official US poverty rate declined in 2023, but more people faced economic hardship
People in West Virginia look through donated clothes. Spencer Platt/Getty ImagesThe number of Americans living in poverty, according to the nation’s official definition, fell slightly to about 36.8 million in 2023, the Census Bureau announced on Sept. 10, 2024.
Under both Trump and Biden-Harris, US oil and gas production surged to record highs, despite very different energy goals
Both administrations supported banning some offshore drilling, but also saw rises in oil and gas production. Marli Miller/UCG/Universal Images Group via Getty ImagesThe United States is producing more oil and natural gas today than ever before, and far more than any other country.
US food insecurity rate rose to 13.5% in 2023 as government benefits declined and food prices soared
When grocery prices rise, it's harder to fill your shopping cart. Gri-spb/iStock via Getty Images Plus
Oil and gas communities are a blind spot in America’s climate and economic policies
Several rural communities in the western U.S. rely heavily on the fossil fuel industry. AP Photo/David ZalubowskiOn a recent visit to Rangely, a small town in northwest Colorado, my colleagues and I met with the administrators of a highly regarded community college to discuss the town’s economy.
‘Social profit orientation’ can help companies and nonprofits alike do more good in the world
Companies and nonprofits can make the world a better or worse place. PeopleImages/iStock via Getty Images PlusEconomist Milton Friedman’s influential maxim, that a company’s sole obligation is to maximize profits, is outdated.
Poor people are business owners, too – but myths around poverty and entrepreneurship hold them back
An unregistered backyard laundry service in Kathmandu, Nepal. Jonas Gratzer/LightRocket via Getty ImagesNearly 1 in 5 people in the world lives in poverty. Even in many developed countries such as the U.S., poverty rates exceed 12%.
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